Meteor FTSE Quarterly 75 Income Kick Out Plan

Meteor FTSE Quarterly 75 Income Kick Out Plan


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Defensive income plan offering up to 6.26% interest, even if the FTSE falls by 25%…

If 6.26% annual interest even if the stock market goes down 25% sounds like a reasonable level of risk for a competitive interest return, this new plan may be worth a closer look
Oliver Roylance-Smith

Oliver Roylance-Smith

Head of Savings and Investments

A defensive income plan offers the opportunity to receive interest from your investment, even if the stock market falls, which can make for a compelling option.

The Meteor FTSE Quarterly 75 Income Kick Out Plan will pay 1.565% income at the end of each quarter, provided the FTSE 100 Index has not fallen more than 25% below its value at the start of the plan – that’s a potential 6.26% per year interest, even if the FTSE falls 25%. If the Index does close below this level, no income is paid for that quarter.

The plan has a maximum term of 9 years, but also offers the opportunity to receive your initial capital back in full before then, if the FTSE at the end of each year (from year 2 onwards), is higher than its value at the start of the plan. If the plan does not end early, your initial capital is returned in full provided the FTSE has not fallen by more than 35% at the end of the plan term. If it has, your initial investment will be reduced by 1% for each 1% fall, so your capital is at risk.

The super defensive income feature and the conditional capital protection could be attractive to a wide range of investors, whilst the 6.26% return on offer is a competitive headline interest rate

Plan Details

Potential quarterly income: 6.26% (equivalent to 1.565% annually) if the FTSE 100 Index doesn’t fall by more than 25%

Potential to mature early quarterly from year 2 onwards if the FTSE 100 Index rises by any amount

Available for Stocks & Shares ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes

Investment term: Maximum 9 Years

Arrangement fee applies

Minimum single investment: £5,000 

Maximum ISA investment: £20,000

No maximum for ISA transfers and non-ISA investments

Deadlines

The deadline for this plan has now passed. Please fill in the form below to receive details of the next issue of the plan as soon as it becomes available

Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.

Meteor FTSE Quarterly 75 Income Kick Out Plan May 2024

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